Atul Ltd 2018-19

Note 29.18 Changes in accounting policies ¹ĺĚ HƑūƭƎ îēūƎƥĚē TŠē ¬ ǧǧǫ ċNj ƭƙĿŠij ƥĺĚ ŞūēĿǛĚē ƑĚƥƑūƙƎĚČƥĿDŽĚ ƥƑîŠƙĿƥĿūŠ ŞĚƥĺūē ĚljljĚČƥĿDŽĚ ƎƑĿŕ Ǧǧȡ ǨǦǧǮȦ ÀŠēĚƑ ƥĺĿƙ ŞĚƥĺūēȡ ƥĺĚ HƑūƭƎ ƑĚČūijŠĿƙĚē ƥĺĚ ČƭŞƭŕîƥĿDŽĚ ĚljljĚČƥ ūlj ĿŠĿƥĿîŕŕNj îƎƎŕNjĿŠij TŠē ¬ ǧǧǫ îƙ îŠ îēŏƭƙƥŞĚŠƥ ƥū ƥĺĚ ūƎĚŠĿŠij ċîŕîŠČĚ ūlj ƑĚƥîĿŠĚē ĚîƑŠĿŠijƙ îƙ îƥ ƎƑĿŕ Ǧǧȡ ǨǦǧǮȦ ūŞƎîƑîƥĿDŽĚ ƎƑĿūƑ ƎĚƑĿūē ĺîƙ Šūƥ ċĚĚŠ îēŏƭƙƥĚēȦ /ŠƥĿƥĿĚƙ îƎƎŕNjĿŠij ƥĺĚ ŞūēĿǛĚē ƑĚƥƑūƙƎĚČƥĿDŽĚ ŞĚƥĺūē ČîŠ ĚŕĚČƥ ƥū îƎƎŕNj ƥĺĚ ƑĚDŽĚŠƭĚ ƙƥîŠēîƑē ūŠŕNj ƥū ČūŠƥƑîČƥƙ ƥĺîƥ îƑĚ Šūƥ completed as at the date of initial application (that is, they would ignore the effects of applying the revenue standard to contracts that were completed prior to the date of initial application). However, the Group elected to apply the standard to all contracts as at April 01, 2018. There is no impact on the retained earnings as at April 01, 2018. ¹ĺĚ ljūŕŕūDžĿŠij ƥîċŕĚ ƎƑĚƙĚŠƥƙ ƥĺĚ îŞūƭŠƥƙ ċNj DžĺĿČĺ ĚîČĺ ǛŠîŠČĿîŕ ƙƥîƥĚŞĚŠƥ ŕĿŠĚ ĿƥĚŞ Ŀƙ îljljĚČƥĚē ĿŠ ƥĺĚ ČƭƑƑĚŠƥ NjĚîƑ ĚŠēĚē March 31, 2019 by the application of Ind AS 115 as compared with the Ind AS 18 revenue recognition requirements. Line items that were affected by the changes have been included. ƙ î ƑĚƙƭŕƥȡ ƥĺĚ ƙƭċȹƥūƥîŕƙ îŠē ƥūƥîŕƙ ēĿƙČŕūƙĚē Čūƥ ċĚ ƑĚČîŕČƭŕîƥĚē ljƑūŞ ƥĺĚ ŠƭŞċĚƑƙ ƎƑūDŽĿēĚēȦ ¹ĺĚ îēŏƭƙƥŞĚŠƥƙ îƑĚ ĚNJƎŕîĿŠĚē îƙ ċĚŕūDžȠ ( ` cr) Balance Sheet (extract) As at March 31, 2019 Increase | (decrease) As at March 31, 2019 without adoption of Ind AS 115 as reported Current assets Trade receivables ǭǦǪȦǫǯ (6.12) ǬǯǮȦǪǭ Total current assets 704.59 (6.12) 698.47 Total assets 704.59 (6.12) 698.47 Current liabilities a) Trade payables Creditors other than micro enterprises and small enterprises 385.75 (6.12) 379.63 b) ~ƥĺĚƑ ǛŠîŠČĿîŕ ŕĿîċĿŕĿƥĿĚƙ ǧǪǨȦǫǩ (3.92) 138.61 c) Contract liabilities - ǮȦǪǬ ǮȦǪǬ d) Other current liabilities 15.22 ȳǪȦǫǫȴ 10.67 Total current liabilities 543.49 (6.12) 537.37 Total liabilities 543.49 (6.12) 537.37 ( ` cr) ¬ƥîƥĚŞĚŠƥ ūlj ƎƑūǛƥ îŠē ŕūƙƙ ȳĚNJƥƑîČƥȴ 2018-19 Increase | (decrease) 2018-19 without adoption of Ind AS 115 as reported INCOME Revenue from operations ǪȡǦǪǩȦǯǩ (6.12) ǪȡǦǩǭȦǮǧ Total income 4,043.93 (6.12) 4,037.81 EXPENSES ~ƥĺĚƑ ĚNJƎĚŠƙĚƙ 911.23 (6.12) 905.11 Total expenses 911.23 (6.12) 905.11 ¡ƑūǛƥ ċĚljūƑĚ ƥîNJ 3,132.70 - 3,132.70 ǨǪǬ Atul Ltd | Annual Report 2018-19 Corporate Overview 01-22 Statutory Reports 23-105 Financial Statements 107-250